The global construction market is forecasted by GlobalData to grow by 1.8% in real terms in 2023, having grown by 1.7% in 2022. While the residential construction market in many countries will decline, this will be offset by high growth in the infrastructure sector, with output rising by 8.3% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Driving growth in the market in 2022 and over the remainder of the decade are a potential 135 mega hydroelectric projects, costing over $100m each. Here are the largest biomass construction projects initiated globally in Q3 2023, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. Aichi Tahara Biomass Power Plant: 75 MW
The project involves the construction of a 75MW woody biomass combustion power plant in Tahara, Aichi, Japan.
Construction work started in Q3 2023 and is expected to be completed in Q4 2025.
The project aims to strengthen the power distribution capacity in the state. Buy the profile here.
2. St. Bernard Renewable Natural Gas Plant
The project involves the construction of a renewable natural gas plant in Ohio, the US.
Construction work commenced in Q3 2023 and is expected to finish in Q4 2025.
The project aims to take more than 500 tons of food waste every day and turn it into enough energy to power thousands of homes while removing thousands of tons of CO2 and methane from the atmosphere. Buy the profile here.
3. Port-Cartier Biochar Plant
The project involves the construction of a biochar production plant with a production capacity of 10,000 TPA in Quebec, Canada.
Construction work started in Q3 2023 and is forecast to complete in Q4 2024.
The project aims to produce 350,000TPA of biochar by 2035 and to provide 75 job opportunities. Buy the profile here.
4. Shunan Biomass Power Plant: 74 MW
The project involves the construction of a 74MW biomass power plant on 2.70ha of land in Shunan, Yamaguchi, Japan.
Construction work commenced in Q3 2023 and is expected to be completed in Q2 2026.
The project’s main aim is to operate in an environmentally friendly manner. It will be operated by biomass fuel and will supply steam and electricity to the Nanyo plant. Buy the profile here.
5. Jingshan Municipal Solid Waste Incineration Power Generation Plant
The project involves the construction of a waste-to-energy plant with a daily processing capacity of 350 tons per day in Jingshan County, Jingmen, Hubei, China.
Construction work started in Q3 2023 and is expected to be completed in Q2 2026.
The purpose of the project is to increase the region’s power generation capacity by processing waste materials to meet the growing demand. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
Premium Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
